Ask question

Ask question

All categories

1 year ago

14

Sami opened an account with a deposit of $4,000. The bank pays 3.5% annual simple interest on this account Sami did not make any

additional deposits or withdrawals. How long will it take for Sami to earn $2,100 in interest on this account?

1 answer:

LiRa [457]1 year ago

4 0

Answer: 15 months

Step-by-step explanation:

You might be interested in

Sally borrowed $9,000 from the bank to buy a new car. She has to pay back the money in 5 years. After 5 years, she will owe $1,8

Aneli [31]

7.42 would be her interest rate.

6 0

2 years ago

PLEASE HELP ME IN FINANCE!!

borishaifa [10]

Answer:

A

Step-by-step explanation:

if we had a economic turn down, basically people would lose money, so that means the consumers, so the producers will have a bunch of left over products because the people can't afford to buy as much, which means the company loses money, which means the employees must be let go of so the business doesn't go out of business

7 0

3 years ago

You bike 1 mile the first day of your training, 1.3 miles the second day, 1.9 miles the third day, and 3.1 miles the fourth d

JulsSmile [24]

Answer:

19.9 miles

Step-by-step explanation:

In this problem we have:

$d_1=1 mi$ is the distance travelled during the 1st day

$d_2=1.3 mi$ is the distance travelled during the 2nd day

$d_3=1.9 mi$ is the distance travelled during the 3rd day

$d_4=3.1 mi$ is the distance travelled during the 4th day

We notice that the difference between the distance travelled on the (n+1)-th day and the distance travelled on the n-th day doubles every day. In fact:

$d_2-d_1=0.3\\d_3-d_2=2\cdot 0.3 = 0.6\\d_4-d_3=2\cdot 0.6 = 1.2$

Which can be rewritten using the general formula:

$d_{n+1}-d_n=2(d_n-d_{n-1})$

This means that

$d_{n+1}=d_n+2(d_n-d_{n-1})$

By applying this formula recursively, we can find the 7th term, which is the distance travelled on the 7th day:

$d_1=1\\d_2=1.3\\d_3=1.9\\d_4=3.1\\d_5=3.1+2\cdot 1.2=5.5\\d_6=5.5+2\cdot 2.4=10.3\\d_7=10.3+2\cdot 4.8=19.9 mi$

So, the distance travelled on the 7th day is 19.9 miles.

7 0

3 years ago

Choose the product. -6p3(3p2 + 5p - 1) -18p5 - 30p4 + 6p3 -18p6 - 30p3 - 6p 18p3 + 6p2 - 30p4 -18p6 - 24p3

wlad13 [49]

-6p^3(3p^2 +5p -1) = -18p^5 -30p^4 +6p^3

so this is the right answer sure

7 0

2 years ago

Solve the given problem.

fiasKO [112]

This is a word problem so translate to math so this is asking 6+(4/2) which is 8

5 0

3 years ago

Read 2 more answers